Bitcoin price started a fresh decline and tested the $100,500 zone. BTC is now consolidating and might extend losses below the $100,000 level.

• Bitcoin started a fresh decline below the $104,000 zone.
• The price is trading below $104,000 and the 100 hourly Simple moving average.
• There was a break below a key bullish trend line with support at $104,600 on the hourly chart of the BTC/USD pair (data feed from Kraken).
• The pair could start a fresh decline if it breaks the $100,500 support zone.

Bitcoin Price Dips Further

Bitcoin price started a fresh decline and traded below the $104,500 support zone. BTC even settled below the $104,200 level to enter a short-term bearish zone.

Besides, there was a break below a key bullish trend line with support at $104,600 on the hourly chart of the BTC/USD pair. Finally, the pair tested the $100,500 support zone. A low was formed at $100,400 and the price is now consolidating losses.

There was a move above the $101,500 level. BTC tested the 23.6% Fib retracement level of the recent decline from the $106,820 swing high to the $100,400 low.

Bitcoin is now trading below $103,000 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $102,000 level. The first key resistance is near the $103,200 level. The next key resistance could be $103,600. It is close to the 50% Fib retracement level of the recent decline from the $106,820 swing high to the $100,400 low.

A close above the $103,600 resistance might send the price further higher. In the stated case, the price could rise and test the $104,200 resistance level. Any more gains might send the price toward the $105,000 level.

More Losses In BTC?

If Bitcoin fails to rise above the $103,200 resistance zone, it could start another decline. Immediate support is near the $101,200 level and the trend line. The first major support is near the $100,500 level.

The next support is now near the $100,000 zone. Any more losses might send the price toward the $98,500 support in the near term. The main support sits at $97,200, below which BTC might gain bearish momentum.

Technical indicators:

Hourly MACD – The MACD is now gaining pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level.

Major Support Levels – $101,200, followed by $100,500.

Major Resistance Levels – $102,000 and $103,600.

Bitcoin (BTC) plunged to a low of $101,500 on June 5, marking its sharpest decline in over a month as a wave of selling swept through crypto markets.

The drop extended a multi-day slide triggered by shifting investor sentiment and declining demand from institutions.

The world’s largest cryptocurrency touched a low of $101,500 before stabilizing slightly above $102,000. Bitcoin is now down more than 8% from last month’s peak of nearly $112,000 and further losses could follow if confidence continues to erode.

Other top digital assets also declined. Ethereum (ETH) fell to a low of $2,506, down approximately 4% on the day, while Solana (SOL) dropped to $144, a decline of about 8%. BNB also declined over 4% to a low of $640 before attempting to stabilize.

Dogecoin (DOGE) fell over 8% to $0.169, while XRP saw a roughly 4% decline to a low of $2.11.

As of press time, Bitcoin was trading at $101,900, down 2.87% for the day as bulls attempted to stabilize price in the six-figure zone.

Fading momentum

The decline follows a sharp reduction in inflows to spot Bitcoin ETFs, with fund data showing a 77% weekly drop. The slowdown in institutional buying has removed a key source of support that underpinned Bitcoin’s recent rally to record highs.

At the same time, larger holders have been cashing out after months of gains, adding further downward pressure. On-chain data indicates heightened profit-taking and a broad market cool-off following a period of rapid price appreciation across the crypto sector.

The tone among asset managers has also shifted, with many citing uncertainty around the Federal Reserve’s next move as a reason to reduce exposure to volatile assets like crypto.

The selling was not limited to crypto markets, with financial markets across the board seeing sharp declines for the trading day.

Macro uncertainty

Traders remain on edge ahead of upcoming US jobs data and new comments expected from the Federal Reserve. With inflation lingering and rates still high, risk appetite has weakened across asset classes. Crypto has not been spared, and many investors are moving to cash while volatility spikes.

A weaker-than-expected number may support arguments for rate cuts, but could also reinforce fears of a slowing economy. Earlier this week, the ADP private payrolls report showed job creation falling well short of expectations, its weakest print in over two years.

Meanwhile, geopolitical and macro uncertainty continues to persist amid tariff concerns and upcoming interest rate decisions by major central banks.

Adding to the uncertainty, leveraged long positions have fallen to their lowest levels since December. The rapid unwind of these positions suggests that even the most aggressive bulls are stepping back, at least for now.

If Bitcoin fails to hold the $100,000 line, traders expect a swift descent toward $97,000 or lower, marking a major retracement from the 2025 highs.

Mentioned in this article

Crypto Prices Today, January 28: As the U.S. FOMC approaches, cryptocurrency prices continue to showcase a riveting movement. Bitcoin (BTC) price managed to regain the $102K mark intraday, whereas leading altcoins’ price movements recovered after a rollercoaster ride. Meanwhile, the meme coin sector has also mirrored a similar movement, facing turbulence in sync with the broader market in the past 24 hours and thereby recovering.

Here’s a collective overview of some of the most buzzworthy coins for today and how they are performing.

Crypto Prices Today: FOMC To Keep Interest Unchanged? BTC, ETH, XRP Face Turbulence

As per the recent CME FedWatch tool data, there is a 97.3% probability that this FOMC will come with no change in interest rates. This projection, under the newly inaugurated president Donald Trump, may prove to be unbeneficial for risk assets such as crypto despite the Republican’s promises and support for the sector.

As a response, traders and investors appear to be cautious, with the crypto market recording massive liquidations in recent days whilst also facing a turbulent price action intraday.

However, it’s noteworthy that the global crypto market cap witnessed a slight 0.5% uptick from yesterday. Further, the total market volume soared 83% intraday, reaching $194.97 billion.

So, let’s take a closer look at some trending coins’ prices today.

Bitcoin Price Today

BTC price gained nearly 1% in the past 24 hours and is currently trading at $102,633. The flagship coin’s 24-hour low and high were $97,795 and $102,868, respectively. Bitcoin’s market dominance was evaluated to be 58.01% on Tuesday.

The coin has recovered intraday after the recent market dip right before the FOMC. Besides, top crypto analyst Ali Martinez revealed on X that BTC price could reach $211,000 this bull cycle, sparking discussions. This optimistic prediction comes against the backdrop of historical trends.

Ethereum Price At $3,200

ETH price also gained nearly 1% in value and is currently sitting at $3,213. The coin’s intraday low and high were $3,024.09 and $3,234.95, respectively. Notably, Trump’s Liberty Financial has purchased another 3,247 ETH amid the recent dip, sparking optimism over future price movements. Further, market analyst ‘Crypto Rover’ revealed that ETH open interest is exploding, indicating that a price breakout looms.

XRP Price Regains Above $3 Amid Broader Crypto Market Trend

XRP price has witnessed a 3% rise in value over the past day, reaching $3.09. The coin’s intraday low and high were $2.71 and $3.09, respectively. Notably, XRP’s intraday trading volume surged by 190% to $15.38 billion. In the wake of this price upswing, crypto analyst Ali Martinez spotlighted that whales purchased over 120 million coins in the recent dip. Market watchers continue to anticipate price gains ahead, given the latest statistics.

Meme Crypto Prices Today

After a highly turbulent movement, DOGE price witnessed a 2% jump in value and is currently trading at $0.3356. Further, SHIB price followed, up by 3% to $0.00001917. Even TRUMP price gained nearly 11% to $30.21. However, Pudgy Penguins, along with some other crypto, traded dominantly in the red zone.

Top Crypto Gainer Prices Today

Jupiter (JUP)

Price: $1.18
24-hour Gains: +16%

KuCoin Token (KCS)

Price: $14.46
24-hour Gains: +13%

Hyperliquid (HYPE)

Price: $23.55
24-hour Gains: +12%

XDC Network (XDC)

Price: $0.1116
24-hour Gains: +10%

Top Crypto Loser Prices Today

Pudgy Penguins (PENGU)

Price: $0.01852
24-hour Loss: -21%

Onyxcoin (XCN)

Price: $0.03216
24-hour Loss: -12%

AIOZ Network (AIOZ)

Price: $0.7789
24-hour Loss:-5%

Raydium (RAY)

Price: $6.74
24-hour Loss: -5%

The market shows signs of recovery following the recent crash, although some altcoins still face heat. It’s noteworthy that the recent crash was attributable to the rise of open-source Chinese AI startup DeepSeek, which promptly outperformed OpenAI and Meta, threatening U.S. stocks.

However, market expert Ash Crypto posted on X, revealing that the new AI reportedly collects IP, keystroke patterns, and device info, thus storing it in China. This information may present the new AI with a ban ahead, as seen with previous Chinese data-collecting models, thereby paving the way for U.S. stocks and a broader market recovery.

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CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.